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ALTO Exchange Review

ALTO Exchange
Our score: 8.0 User satisfaction: 98%

What is ALTO Exchange?

ALTO Exchange is an e-invoicing software that promises businesses smooth and seamless integration between suppliers and producers, allowing vendors to attain and maintain an integrated online catalog, automate product coding, and to eliminate errors. By simplifying e-invoicing workflows and taking out unnecessary complexity, ALTO Exchange significantly enhances supplier adoption and dramatically diminishes on-boarding expenses.

ALTO Exchange enables businesses and organizations to take a pick of their preferred level of integration from manual data entry, and comes with a number Excel upload capabilities. Regardless of the level of integration, all data is converted to the Petroleum Industry Data Exchange (PIDX) standard. Simply put, ALTO Exchang virtually gets rid of errors and eliminates the need to re-enter data by doing up front data validation applying client-specific business rules.

Overview of ALTO Exchange Benefits

Alto Exchange greatly improves accounts payable-related operations as it ensures that information (cost center, pricing, etc.) is entered accurately the first time. Then it accelerates and monitors the process for invoicing, approval and payment. ALTO Exchange crucially reduces the time spent in handling the accounts payable process.

The product boasts of industry standard business-to-business (B2B) portals that facilitate enhanced communication and integration of ALTO AP™ with supplier billing systems, further bettering the overall payment process. Vendors are able to quickly send accurate invoices and monitor progress of the producer approval and payment process; accelerating up the entire workflow, and virtually taking out errors of the equation.

Alto Exchange allows vendors to supply and easily continue an integrated online product/service catalog. The system encourages accountability and transparency by making the customer invoice payment process completely transparent to vendors.

The software also allows vendors to effortlessly enter and submit invoices online, ensuring correct coding. Users can also select templates (including Excel), which simplifies import/export of data for repeatable processes. With ALTO Exchange integrated online product and service catalogs, instances of of coding and pricing errors are virtually lessened, or even completely eliminated.

The product also ensures that vendors are being paid to terms, with the producer greatly benefiting by availing of the early pay discounts. Suppliers are given the tools to quickly and painlessly follow their portfolio of receivables on demand.

Overview of ALTO Exchange Features

  • Enables vendors to provide and easily maintain an integrated online product/service catalog
  • Makes the customer invoice payment process completely transparent to vendors
  • Enables vendors to easily enter and submit invoices online, ensuring correct coding
  • Allows use of templates (including Excel) and easy import/export of data for repeatable processes
  • Coding and pricing errors are virtually eliminated through use of the ALTO Exchange integrated online product and service catalogs
  • Vendors are being paid to terms and the producer is now taking advantage of early pay discounts
  • Suppliers are easily able to track their portfolio of receivables on demand

What Problems Will ALTO Exchange Solve?

1. Companies have to deal with their suppliers complaining about missing or never received invoices if they do not have an electronic invoicing system and their suppliers calling and sending emails to investigate the status of their accounts receivables.

With ALTO Exchange, your suppliers enter their invoices electronically with no chance of missing information. These invoices enter directly your company internal Accounts Payable workflow for review, approval, and payment. They also have total transparency to the accounts payable process, as they can login to their ALTO Exchange account and be able to view, and download their accounts receivables for reporting purposes.

2. Companies have to deal with tons of incorrect invoices or are missing required information for their internal approval process.

ALTO Exchange virtually eliminates errors and the need to re-enter data by performing up front data validation applying client-specific business rules.

3. Companies that do have an electronic invoicing platform already have to deal with their supplier complaining about having to enter the information twice as they already have the invoice in their own financial system.

ALTO Exchange is fully integrated with ALTO Upload ICG, which allows organizations to simply choose their preferred level of integration from manual data entry, Excel upload, or XML batch integration. Regardless of the level of integration, all data is transformed to the best industry format.

ALTO Exchange Position In Our Categories

Keeping in mind businesses have distinct business requirements, it is wise that they abstain from buying a one-size-fits-all, ideal software solution. Having said that, it would be futile to stumble on such a software product even among branded software solutions. The best step to undertake is to narrow down the numerous key aspects which necessitate consideration including crucial features, packages, skill competence of staff, business size, etc. Then, you must follow through your research exhaustively. Read these ALTO Exchange analyses and look into the other software products in your shortlist in detail. Such comprehensive research guarantee you circumvent ill-fitting applications and pay for the one that delivers all the features you require company requires to be successful.

Position of ALTO Exchange in our main categories:

TOP 200

ALTO Exchange is one of the top 200 Accounting Software products

ALTO Exchange is also listed in the following subcategories:

It's crucial to note that hardly any app in the Accounting Software category is a perfect solution able to match all the goals of different business types, sizes and industries. It may be a good idea to read a few ALTO Exchange Accounting Software reviews first as some solutions may dominate only in a really narrow group of applications or be created with a really specific type of industry in mind. Others may work with an idea of being simple and intuitive and therefore lack advanced functions welcomed by more experienced users. You can also find services that support a broad group of users and offer a complex feature base, but that frequently comes at a more significant cost of such a solution. Ensure you're aware of your requirements so that you select a service that offers specifically the features you search for.

How Much Does ALTO Exchange Cost?

ALTO Exchange Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Pricing information available upon request. Contact the vendor directly to get a quote adjusted to your company needs.

User Satisfaction

Positive Social Media Mentions 129
Negative Social Media Mentions 2

We realize that when you make a decision to buy Accounting Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and ALTO Exchange reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with ALTO Exchange. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

Language Support

  • English

Pricing Model

  • Quote-based

Customer Types

  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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ALTO Exchange Comparisons

5/5

Overall Impression

I have seen many systems over my accounting career but I'm blown away by the visionary design of this system. I would recommend the platform to any users. Pros: SaaS, Free for suppliers, embedded BI, out of this world customer service and more Cons: can't think of a reason why a company should not use this system

What are ALTO Exchange pricing details?

ALTO Exchange Pricing Plans:

Free Trial

Quote-based Plan

Contact vendor

Pricing information available upon request. Contact the vendor directly to get a quote adjusted to your company needs.

What integrations are available for ALTO Exchange?

ALTO Exchange integrates with your accounts payable workflow, financial systems, capital apps, etc.

ALTO Exchange average rating:

Average score
5/5 ( user reviews)
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Write your own review of this product

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More reviews from 1 actual users:

Eddie Schwartz
5/5

Overall Impression

I have seen many systems over my accounting career but I'm blown away by the visionary design of this system. I would recommend the platform to any users. Pros: SaaS, Free for suppliers, embedded BI, out of this world customer service and more Cons: can't think of a reason why a company should not use this system

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Reviewed By Jenny Chang
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